Cable Update (GBPUSD)

i like that
gravity just got stronger.... we falling again

I'll see everyone later tonight. It's time to do some partying to get ready for later on.

Try to get some rest now. See u guys tonight. Have a nice day

i amaze myself ....i should try trading to lose....i might actually get rich..
any1 ever try that as a stadegy?

Was this bad data or was there some news?

Navin..

Have you tried a woman, knowing she is a depressive+, and thinking you can 'cure' her and cheer her up ?

That beats forex as a way to achieving the opposite of your ambitions
This market is just too choppy for sure things right now, and I am in and out like a fiddlers elbow , lucky to cream a few now and then.

If there is a big reversal, many accounts will be blown as people become complacent

The bears are very much in control of this market. I expect the next consolidation to be attempted at the 1.5390 level and expect that this level will be traded soon.

yes i agree i see a possibility of this going up...but im out waiting for the dust to settle...just as i say that the 1 hr candle didnt give a pin which appear bullish ...so knows now

I think it is going to south after a few hour Japan opens. Then I can collect my 250k. heheheh

And when this thing will start going north again?

Look @ t DJIA las hrs manipulation...from +120 up to -300 ...

Sonic

Why should we think about north since the wave is clearly to the south.....Just enjoy the ride....

halfway there and now we acccccccelerate.. wonder if we bounce this time or stick

What's up everyone? Just popping in for a minute. I took a short at 1.56 and just close 3 out at 1.5425 (175 pips in 1h 30m) and the other 3 are SL +10. Might get closed out this early. I'll short again when the time is right.

Good luck trading everyone!

I shorted at 5pm on the dot )) I'm greedy though so I might let this run a bit. stop set at 5505 +40

Great entry!

yea if it runs to 4938 for sure. its kinda looking like it might bounce to my BE(+40) though.

Hello guys, hey Lucky what's up?

Here is something interesting to read.

This baby in 6 month is going to parity!!!

Don't really know but for sure we still in a down hill!!!

ECB could cut rates at next meeting: Trichet

Mon Oct 27, 2008 1:34pm EDT


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Trichet flags ECB rate cut, issue is how much 1:34pm EDT






By Jason Webb
MADRID (Reuters) - The European Central Bank could cut interest rates for the second time in less than a month next week, ECB President Jean-Claude Trichet said on Monday.
"I consider possible that the Governing Council will decrease interest rates once again at its next meeting on November 6. It is not a certainty, it is a possibility," Trichet said in a speech at a banking conference in Madrid.
Although he declined comment on the size of any move, analysts firmed bets on a repeat of the 50 basis point reduction on October 8, when the ECB acted with other central banks in a bid to stem the intensifying financial crisis.
Trichet said financial market turmoil was putting pressure on economic growth in the short-term and this was also easing inflation fears.
Still, he stressed that the ECB would only reduce rates from their current level of 3.75 percent if the inflation outlook justified such a move.
"Taking into account the recent decline in commodity prices together with the substantial weakening demand that has emerged lately, upside risks to price stability have diminished," he said.
"Any new monetary policy stance that we could decide on at our next regular monetary policy meeting must continue to allow us to tell our 320 million fellow citizens: 'you can be confident. We will deliver price stability in line with our definition of less than but close to 2 percent in the medium term'," Trichet said.
Global stock markets have been taking a beating in recent days. Around Europe the France's CAC .FCHI and UK's FTSE .FTSE indexes were down again by 1645 GMT. Germany's DAX .GDAXI bucked the trend but fresh German economic data made ugly reading as corporate sentiment fell more than expected to its lowest level since May 2003.
ECB figures showed corporate borrowing decelerated to its slowest pace in two years while euro zone PMI data showed services activity remained near a five-year low in September.
A QUESTION OF SIZE
Euribor interest rate futures rose on his comments and analysts, many of whom had been tipping a cut next week, said there was now a strong argument for a 50 basis point reduction, and less chance of another coordinated cut.
"(This) can be seen as a clear signal ... that the Council has concluded that there will be a policy rate cut on November 6th," said Barclays Capital economist Julian Callow.
"The main remaining question is the size of such action ... we would be surprised if the ECB did not go along with the markets' current expectation, i.e. to lower the policy rate by 50 basis points on November 6."
Trichet said markets should take on board the exceptional steps the ECB was taking to keep liquidity flowing, including promising banks as much money as they wanted at fixed interest rates. But he expected this would take some time.
As he was speaking, the ECB announced it would offer funds in its next 3-month refinancing tender at its base rate of 3.75 percent, well below the 4.912 percent that three month interbank markets were trading at on Monday.
In refinancing operations, banks can borrow as much money from the ECB as they want, as long as they have suitable assets to use as collateral.
It indicates that the ECB is still working hard to try and bring rates back down to more manageable levels. The bank has made a string of lending rule changes to try and make it easier for banks to borrow.
Virtually all of its operations now offer banks as much funding as they want at a flat rate while it has also cut the quality of the collateral it accepts and introduced FX swaps to help banks short of collateral.

hi traders.

i lunched today one of my last calls for euro+cable , i predict the continuation of the down trend.
and as shown in my charts the two pairs make new lows in the first day of the week , which will give a clue about will happen the rest of the week.

i want you traders to be aware of fundamental aspect as much as technical.

(news)


and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up

have fun traders.